Skip to main content

About your Search

English 52
Search Results 0 to 49 of about 52 (some duplicates have been removed)
now before we tumble off of the fiscal cliff. will john boehner get out of the way and let us avoid another fiscal crisis? hey, good morning, everybody. what do you say? here we go. on a great big monday monday december 3rd, good to see you today. hope you had a good weekend and watched some good football got maybe some holiday shopping christmas shopping. a lot of people around here in the eastern market neighborhood of capitol hill buying their christmas trees. i saw them all day saturday all day sunday loading x-rays trees on top of the cars going home, carrying them home to deck raid the x-rays -- decorate the christmas trees. lots to talk about this morning here around the country, around the globe, around here in washington, d.c. we will bring you up to date on the latest to let you know what's going on, but most importantly, give you a chance to sound off. >> that's what it's all about. you can give us a call at 866-55-press. you can twit -- join us on twitter or tweet us @bpshow and follow us on and you can join the chat room a
of the house john boehner offers up his own plan today. and the white house has already offered up their response. >>> a little later, a photo in the trayvon martin case has been released in color. we'll show it to you. a new heir to the british thrown is on its way. it's a baby bonanza. one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. let's say you want to get ahead how do you get from here... to here? at university of phoenix we're moving career planning forward so you can start figuring that out sooner. ln fact, by thinking about where want your education to lead, while you're still in school, you might find the best route... leads somewhere you weren't even looking. let's get to work. the potential of yel
, joe, he said i think we're going to make this. i think the boehner offer had significant indicators that something here is going on, and they're going to come together. >> also, kent conrad, a guy -- i've loved him for a long time, deficit hawk. they haven't allowed him to put a budget out for years. he's growing frustrated. i'm sure he's going to be glad to leave. but i was surprised by that as well. you see also, sam stein, republicans are now starting to really bash boehner from the right. the president needs to take note. he needs to take note. >> give him some running room. >> i'm only saying this because you remember, we went through this with newt. you know, bill clinton would push newt only so far, and then the conservatives in the caucus like myself and matt salmon, steve largent and others would say we're not doing a deal. we will take this place down. we're not doing a deal. and then newt would call bill clinton up and say, you're pushing me too far. you've got to work with me here. the same thing's happening right now with boehner. >> with boehner. >> the republican -- a
that bashar al assad's regime has begun mixing sarin gas. >>> the speaker of the house, john boehner offered up his own plan to avoid the fiscal cliff today. does it add up? >>> and the u.s. ambassador to the united nations, susan rice comes under fire again. this time, it's over rwanda. let's go "outfront. >>> good evening, welcome, everyone. "outfront" tonight breaking news, president obama puts the syrian president on notice. the president is reacting to new evidence that assad's regime has started mixing chemicals to make deadly sarin gas, adding to its massive stockpile of chemical weapons. >> and today i want to make it absolutely clear to assad and those under his command, the world is watching. the use of chemical weapons is and would be totally unacceptable. and if you make the tragic mistake of using these weapons, there will be consequences and you will be held accountable. >> assad is on the edge of president obama's so-called red line against syria. the president said this summer that syria's use or movement of chemical weapons could mean u.s. intervention. so outfront tonight,
on house speaker john boehner. speaker boehner a key republican and after his meeting with geithner this morning, boehner said these urgent talks haven't moved forward in two weeks. keep in mind, they need to get it done by january 1st and here's boehner getting grumpy with cnn's kate baldwin. take a look. >> to this point, most -- most public statements have been optimistic, confident, hopeful. we're all sensing a very different tone from you right now. are you walking away from talks? have things completely broken down, mr. speaker? >> no, no, no. stop. i got to tell you. i'm disappointed in where we are and disappointed in what's happened over the last couple of weeks. but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious, as well. >> all right. so once again, here are the cliff notes right here. republicans on the hill are demanding trillions of dollars worth of debt reduction. that's pretty much fine with democrats who say the wealthy should foot the bill in the form of higher tax rat
the republicans leaders like speaker of the house john boehner were able to put off making a counter proposal to the president's offer until today. crossing the red line on the talks by rejecting the demind that the republicans accept a hike in the marginal tax rate for those with income over a quarter million dollars a year. my view? obviously i agree with the white house on the substance and as i have said before, their hand gets stronger over time. but sometimes a new idea can change the dynamic. here is an idea that has been around for a long time, supported by james tobin way back and pushed by ralph nadar in a "washington post" op-ed this weekend. impose a tax on financial transactions. it will give us up to $100 billion a year, fail on a sector that has generateed enormous unwarranted profits for very few but benefited from huge bailouts the regulatory help but by and large escaped responsibility for their role in the financial cataclysm we're still struggling with. with me, dan gross author of "better, strong, faster." and brian beutler and eric bates. what's your take on this? how se
this before, balance is in the eye of the beholder. john boehner would say this is a balanced approach, we're putting revenue on the table as well as entitlement cuts. president obama seems to be indicating balance means getting more from the wealthy and likely to mean raising rates. as he said today and prior to today, the math doesn't add up if you simply close loopholes, cap deductions, do those sorts of things. we're sort of where we always have been. it's where we have been for several years at least when it relates to congress and the president simply not being able to resolve what are fundamental differences. we talked about this before the election, andrea. the election was supposed to tell us something about what the american public wanted. president obama did win the election. you know, an event has happened as part of the many months where the public comes down on this. >> luke russert, john boehner did yesterday come out with their proposal, the house proposal. is that a nonstarter or move the ball a little bit? >> i would say it's a nonstarter for the white house, but it moves
and representative boehner had a "curt" telephone conversation. speak speaker boehner says he wants to move his position on tax rates but the president won't budge. he told him, if he has an alternative plan, he ought to put that forward rather than focusing on entitlements. the white house will send tim geithner to capitol hill for a meeting. yesterday the president met with ceos including at&t, goldman sachs, coca-cola and caterpillar, many of whom said after the meeting they emerged hopeful a deal could be struck to avoid the fiscal cliff. in another meeting with middle-class americans, president obama said he believes the framework for a deal could be in place before christmas. >> and i'll go anywhere, and i'll do whatever it takes to get this done. it's too important for washington to screw this up. now's the time for us to work on what we all agree to, which is let's keep middle-class taxes low. that's what our economy needs. that's what the american people deserve. >> white house also turning to social media has a twitter hash tag to spread its message. >> today i'm asking congress to li
interview since the election, president obama rejected a proposal from house speaker john boehner. he spoke on bloomberg television. >> unfortunately the speaker's proposal right now is still out of balance. i'm happy to entertain other ideas that the republicans may present. but we are not going to simply cut our way to prosperity or to cut our way out of this deficit problem that we have. we're going to need more revenues. in order to do that, that starts with higher rates for the folks at the top. >> reporter: the president did say today he would consider lowering rates again for the top two percent next year as part of a broader tax overhaul. the house republican plan envisions $2.2 trillion in deficit reductions over the next decade. $800 billion would come from new revenues but with no hike in tax rates for top earners. instead the plan relies on $1.2 trillion in reduced spending including $600 billion from changes in medicare and medicaid. at the white house today, the president met with a bipartisan group of governors pressing his own plan for deficit reduction. that proposal, $1.6
the leverage point for boehner is right now, knowing that fact. >> does he know that the president can't deliver his party without that rate change? >> i think he does, but i think also that the president knows that boehner has got some problems in his -- >> what does boehner need to do to pay for that? if boehner knows -- this is smart. if boehner knows he has to give on the tax rate at the top, what does his party insist on getting in return? do you know? do you know? what do they want? >> i think that they get -- as i said on this show before, the deal has always been, here, we will give you the cuts in spending if you give us a tax increase. we get the tax increase. we never get the cuts in spending. i think they want a definitive -- >> what do they want for spending? 50/50? >> i don't know if it's 50/50? >> 10 to 1. >> let's not get sarcastic. >> 3 to 1. >> yeah. it's not a question mark -- >> i think it's 50/50. >> three to one? >> yeah. >> $3 in spending cuts for every $1 in revenue? >> at least, at least. >> that's crazy. they'll never get that. they won't get that, will they?
just about 40% of the taxes in this country. what percent does the president want? boehner needs to stand up and say everything is on the table. taxes, entitlements, you name it, we're ready to talk. >> you would begin with the tax situation, right? i would begin with the spending but you are smarter than me. >> so you say to mr. obama, all right, we're willing to compromise here if it's reasonable. all right? how much more do you want to squeeze out of the upper 2%? and he says probably, i want to go back to the rate clinton had 39.5 and i want to raise capital gains to 25%. do you, lou dobbs, give him that if there is something else that he has to give? >> i certainly would not give him that without conditions. >> bill: but you would think about it it? >> absolutely. that's what i'm saying. the dobbs plan says that reasonable, reasonable, what does that mean? that a little bit of tax hike on the wealthy, and wouldn't be a little bit. what is it estimated to be about something like a billion a year. >> $82 billion. >> bill: a year? >> per year. >> bill: that's still not -- all r
, there is no deal and the president is willing to go off the cliff. they hammered speaker boehner's proposal. >> we don't know who pays. we don't know what we are talking about in terms actual legislation to increase revenues it is magic beans and fairy dust. >>reporter: it doesn't sound like they are ready for a compromise. he said they do not take speaker boehner's proposal seriously enough to offer a counterpropsal so the white house believes the ball is still in the republicans' court. >>shepard: but speaker boehner has moved, if shiply and if for the first time in public but he has moved. >>reporter: he has. he is not willing yet, not yet, anyway, willing to raise tax rates. in speaker boehner's proposal he put revenue, tax revenue of $800 billion on the table. you her the white house said this was not enough detail but they say in the republican side it would be from limiting deductions and republican leader said this. >> republicans have move add great deal. who was the first person right after the election, the speaker went down and provided revenue. we had not heard that before. when has t
with the very latest. jessica? >> reporter: president obama has now personally turned down speaker boehner's opening offer to avert the fiscal cliff. he did it in a tv interview. what does president obama think of speaker boehner's proposal to avert the fiscal cliff? >> unfortunately, the speaker's proposal right now is still out of balance. he talks about $800 billion worth of revenues but says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> reporter: he won't agree to eliminate a tax deduction for contributions to charity. >> every hospital and university and nonfor profit agency across the country would find themselves on the verge of collapse. so that's not a realistic option. >> reporter: but the president didn't say all this to speaker boehner. he said it in an interview on bloomberg tv. the last time the two men spoke was almost a week ago. president obama is focused on the stalemate with congress over averting the fiscal cliff, but he's just not talking to house republicans about it. at the white house, he discussed the issue with a bipartisa
of john boehner and plan. those tea party-backed conservatives say this is something that would help job growth. clearly what we're seeing here is republicans are not speaking with one voice. >> republicans should not be conceding that the federal government needs more money, negotiating with ourselves and treating the president's proposal like it's serious. >> we do agree that 8% of the american people are getting about 80% of this tax cut shouldn't have their taxes raised. my suggestion was let's take the one area we agree and take it off the table. >> but zoraida, as you saw there from the president earlier in that bloomberg interview, he is digging in, saying there can't be a deal unless upper income americans pay more. middle-class americans should get the bush era tax cut extension. is he not backing down from that at all. the president saying in that interview that he's not being stubborn. he's not being partisan but rather that it's, quote, a matter of math. >> we've been talking now for a while that americans blame republicans if a deal doesn't go through. new polling shows amer
speaker john boehner did speak by phone yesterday. that was the first time in a week. no one is saying what the conversation was about. shortly after that call treasury secretary tim geithner went on cnbc and said the white house is ready to go off the cliff. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff in. >> absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. it's only 2%. >> i want to bring in "usa today" bureau chief and welcome to both of you. where are we in these negotiations, susan? >> i think the most encouraging thing was they agreed to the to characterize the phone call. the last time around the characterization of the phone call became a controversy in itself. i think it's pretty clear that the white house and republicans think the white house hand on this is strengthening. we see the polls that you mention, pew polls this week say americans trust the president more, assume if a deal is not reached -- trust the white house more, think if a deal isn't
't buying in. listen to house speaker john boehner's reaction. >> despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. >> didn't take very long for democrats to hit back at speaker boehner. senate majority leader harry reid got up, a little personal. >> i don't understand his brain, so you should ask him. >> i don't understand his brain. let's go to washington this morning. wow, just when we thought they were getting closer seems like they're even farther apart this morning. >> yeah, you know, the nice talk from right after the election is all gone. one of the big sticking points is something you just mentioned which is this whole idea of taxes. republicans and democrats continue to disagree over how to raise tax revenue. should they end the bush tax cuts for the very wealthy as democrats want to do? should they close loopholes, cap deductions, raise the taxes on capital gains and dividends or some combination of all of those? there's even disagreement right now on just how much money -- how much in revenue t
in just 33 days. in a scathing assessment today, the speaker of the house john boehner says there's been no substantive progress on a deal. need to realize there can be no deal without tax rates going up for top earners. let's go live to our chief white house correspondent jessica yellin. she's got more on the latest developments. tough talk from both sides, jessica. >> reporter: tough talk and some bright lines, wolf. on the same day that treasury secretary tim geithner went to capitol hill to meet with both democrats and republicans to talk about these negotiations, there is tense body language and tough words on both sides of pennsylvania avenue. they're starting to sound dug-in on capitol hill. >> all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. >> reporter: at the white house. >> this is available not just here but to everyone in the world who has an internet connection. and i know things are done the old fashioned way sometimes on capitol hill, but i believe they have electricity and internet connections and they can get this. >> reporte
-span an update an the fiscal cliff. first we hear from speaker boehner. later senate democrats explain what they are looking for in negotiations with republicans. house speaker john boehner told reporters there has been no progress in two weeks of discussions on the fiscal cliff. his comments came on the same day guide ner made rounds on capitol hill. this is ten minutes. >> good morning, everyone. the president has warned us about the dangers of going over the fiscal cliff. but his actions have not matched his public statements. members of his own party seem quite comfortable with sending the economy over the fiscal cliff. on tuesday, we had productive conversation at the white house. despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. this is not a game. jobs are on the line. the american economy is on the line. this is a moment for adult leadership. campaign-style rallies are not the way
. there is a stalemate. let's not kid ourselves. that's the quote today from speaker of the house john boehner about the battle over the so-called fiscal cliff. that's the combination, of course, of spending cuts and exexpiring tax breaks set to kick in about a month from now. economists say it could cause another recession. today, the president visited a toy factory in pennsylvania to make his case for his plan. he is asking americans to pressure congress to extend tax cuts for the middle class right now. in fact, extend tax cuts for everybody for the first $250,000 of income. so the families won't have to worry about a new year's day tax hike. republic leaders say letting the tax cuts expire on income of more than $250,000 would hurt small businesses and, as they call them. job creators. let's get to ed henry who is with us from the white house tonight. president says the election proved most americans are on board with this plan. >> that's right. he, without using the word thinks he he basically has a mandate. even though the election is over, he is out campaigning for this again because he think
opportunities for grid lock as speaker boehner -- joining me chris cizilla and managing editor of post and chuck todd, political director and host of the daily rundown. guys, busy weekend here in washington. and at every place i went, anybody i talked to, there was nothing but disappointment and the assumption as you've been saying, chuck, nothing will happen another two weeks because they're going to wait until the bitter end. >> does feel like since we're talking about led zeppelin, i'm still shaken by this, the unofficial led zeppelin four changed my life as an 11-year-old. i have it on lp of all things. communication breakdown and that's clearly what's going on here a little bit. there's a communication breakdown. but this still feels as if it's not panic mode yet and maybe i'm the naive one here, whistling pass -- >> no one has ever called you naive. >> it does feel as if we're two weeks away before you hit the panic button. once that weekend before the christmas holidays come, 14th, 15th, 16th if we were in the same place and two weeks from now, then we would be like hit the
. of course, some of them will be meeting with house speaker john boehner and senate majority leader harry reid. so the hope is they will put pressure on their lawmakers from their states to get a deal done. but also this is a chance for these governors to talk about the fact that what happens here with this fiscal cliff will have some real consequences, that we're not just talking about sort of these ambiguous numbers but it will impact them and why does it impact them? because according to a pew report, a third of the revenue of states comes from federal grants, and so states -- >> hey, dan, you're not going to believe this. just as you're speaking live, i'm only going to interrupt you for the governors themselves. let's listen in. >> governor beebe of arkansas, we are three democrats and three republicans. we just had what i would say was a very good meeting with the president. we came in part to make sure that the voices and the issues that we face as governors in the states are heard and are considered as part of the discussions going on here in washington. the president was very open
, the president and speaker boehner had a telephone conversation yesterday presumably about the fiscal cliff. we didn't hear a lot of production from it but we do hope to learn more about what was said if there are going to be further negotiations and whether they had a cocktail together. the white house press secretary jay carney is preparing to take that lectern in just moments. the seats will be full of the press corp. we'll bring it live when it gets we'll bring it live when it gets under way. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed back
. first, president obama speaks in pennsylvania, followed by john boehner responded to the president from capitol hill. then eric cantor response of the lighthouse deficit reduction package. later, nancy pelosi addresses the fiscal cliff and middle- class tax cuts. president obama talked about the so-called fiscal cliff and his proposal to end of the bush tax cuts on those earning more than two and a $50,000. ed -- more than $250,000. ["hail to the chief" plays] please have a seat. have a seat. relax for a second. it is good to see all of you. hello. it is good to be back in pennsylvania. it is good to be right here. i want to thank michael, robert, and the investor, joel glickman for hosting me today and giving me a great tour. stand up so everybody can see you, guys. [cheers and applause] there you go. we have a couple of outstanding members of congress here. [cheers and applause] now, i just finished getting a tour of the workshop. i have to say it makes me wish that joel invented this stuff sooner when i was a kid. back then, you couldn't build a roller coaster out of your erector set
has put forth an offer and speaker john boehner has put forth that offer. the fact that this is rejected is to be expected but it is testing ground. we have seen that between them have gone through this process. i believe we will get there. both sides so that we cannot win are refusing to compromise. we both have our right to be here and we have countered with some revenue in places. we want to see what the president will do in terms of cuts. where are concerned about the deficit. i believe we will get there. i really do. >> you are a perennial optimist. you make everything seem sunny. we are at a stalemate. republicans do not want to raise taxes and democrats to know what to -- do not want to cut spending. >> the president has the political upper hand. if nothing happens, the tax rates do expire as is and they go up and the sequestration of takes place. he can vote -- publicly blame that on republicans to. he would have the upper hand. policy-wise east as -- he has to combat and ask for an increase in the debt ceiling. he knows that if he sours the atmosphere right
are hearing the president and house speaker john boehner actually talked by phone not too long ago. >> that's right, harris. we confirmed that there was a phone call between the two leaders this afternoon. no major progress but i'm told by one aide briefed on the call, this is more than they have done in a long time. so, maybe it's something they can build upon. but the bottom line is the president added somewhat of a new wrinkle today because he doesn't just want to deal with the spending and tax issues on the table and the so-called cliff, fiscal cliff, he also wants to deal with raising the debt ceiling which caused so much controversy a year and a half ago. take a listen to the president today. >> if congress in any way suggests they are going to tie negotiations to debt ceiling votes, and take us to the brink of default once again, as part of a budget negotiation which by the way we have never done in our history until we did it last year, i will not play that game. >> now, republics may not want to include the debt ceiling extension lifting that ceiling in these negotiations because t
to avoid the fiscal cliff. but republican house speaker john boehner dismisses it as, and i'm quoting, la la land. the republicans offered their proposal, that happened about 24 hours ago. the white house quickly labels it as nothing new. business as usual, right? so how do we move beyond this stalemate in washington? we heard from the president, just a short time ago. our chief white house correspondent jessica yellin joins me now, jessica, the president spoke out, sat down in an interview with bloomberg tv, and in listening to the interview, did you hear any clues toward a possible compromise here? >> reporter: not new clues, brooke. the president laid down the marker that we heard from the white house consistently, which is they aren't moving until they hear the republicans agree to raise tax rates on the wealthiest. listen to what the president had to say. >> i think that, you know, we have the potential of getting a deal done, but it is going to require what i talked about during the campaign, which is a balanced responsible approach to deficit reduction that can help give businesses
boehner, you know, mitch mcconnell, for their sort of volley back? >> reporter: hi, brooke. well, they're saying ready anytime. the clock is ticking and it's ball's in the republicans' court. here is what jay carney had to say a few minutes ago. listen to this. >> making vague promises about achieving revenue through capping deductions or closing loopholes, simply doesn't add up to a serious proposal. we haven't heard which deductions they would cap or which loopholes they would close. >> so that's the white house's position. now, they are waiting to hear about what the republicans would do, what kind of detailed proposal they would offer. the republicans, brooke, for their part are insistent they want to hear about the president's willingness to do entitlements. how much more they would do to cut spending and whether the white house would be willing to scale back on some of those extra spending measures, more dollars the president wants the government to put out next year, that were in some of secretary geithner's proposal last week, brooke. >> let's go back over that so everyone is o
willing to go over the cliff. do you buy that? >> yes. they have a sense that they have boehner and the republicans in the house on the defensive. use the more republicans now saying they are willing to, in fact, raise tax rates if they get serious entitlement cuts and serious spending cuts. if the republican caucus and republican poliiical weight, at the moment, if you look at the polls, there is no dispute. although polls show that republicans will they are about three quarters of the blame. dagen: one of the reasons that bill kristol came out after the election and said they just need to step back and give way to these income tax rate increases because the president juan and they will wind up getting blamed one way or another if this thing goes wrong. >> you are talking about eligibility. maybe even taking it away a little bit. that is for upper income earners. if you just say, you know what, we will tailor it now. two people who really may arguably be said don't need it. i think that may be acceptable to democrats. dagen: would it be helpful to everybody if these discussions
: they are a long way from a deal, but late today speaker boehner and president obama did speak to one another on the phone. now, this is an important development because it's the first time they've talked in a week about the fiscal cliff. i am told, though, that there was no real progress in negotiations. in this sense there was no breakthrough on that central point of tax rates. as you know, president obama insists there is no deal unless the gop agrees to raise rates on the top 2% of earners. the gop says that's a nonstarter and the two men have not moved from that basic position. now, all of this quomz comes at the same time treasury secretary geithner also said for the first time the administration would be willing to go over the fiscal cliff if the gop does not agree to raise those rates. this was treasury secretary geithner earlier today on cnbc. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. all americans get a tax cut on the first $250,000 o
republicans are split on john boehner's plan to avoid tax hikes all together and admit negotiations are going nowhere. >> nothing going on privately that's not going on publicly. >> reporter: republicans say the president needs to meet them halfway. >> he's got to be serious. he's offered more spending, more stimulus than offering any new cuts. >> reporter: and they insist there's good reason why people making over $250,000 a year should not pay more. >> when you raise tax rates, you're impacting the small businesses that create the jobs in this country. >> reporter: the back and forth is unsettling for the nation's governors, democrats and republicans came to washington tuesday with one message. >> you've got the to come together and get this done. >> reporter: and better do it quickly because we hit the cliff in 27 days. >> the clock is ticking. tracie potts in washington. thanks. >>> overseas now where more massive anti-government protests are occurring in egypt today. the demonstrators say the rallies are a last warning to president morsi over his seizure of almost unrestricted power. and
. i looked at him and i said, you can't be serious. >> what shocked john boehner and are we getting any closer to an agreement? look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible. reliability and ways to connect. because we know how much you do to make the holidays just right. from ornaments to ottomans, memories are made with ikea. >>> there's some thick fog, a little bit in the east bay and north bay. >>> new this morning, secretary of state, hillary clinton, warning that there is a redline for the united states if syria uses chemical weapons in thei
are happy to have. >> a house aide said president obama and house speaker john boehner spoke on3 the phone yesterday afternoon, their first conversation a week and since republicans offered $800 billion in new tax revenue and more than a trillion dollars in spending cuts, republicans say they're still waiting on a counter offer from the white house. lori: i wonder if they're talking football. >> it got messy. melissa: the house may be sending the members home t for e president seems to think if they got down to business, it is an easy fix. melissa: we can probably solve this in about a week. melissa: piece of cake. he thinks it is too late to get anything done before the end of the year as both sides are too far apart on key issues. joining us now, financial economist at jefferies. we think it is too late, we're going over the cliff. how come? >> not enough time to address all the issues that need to be addressed. especially they will talk o on a phone only once per week. it has been some progress on the tax cut side in terms of tax reform that could raise a type of revenue that we are goi
's a stalemate. let's not kid ourselves. melissa: i feel good about that. that was house speaker john boehner today putting to rest the idea that a fiscal cliff deal is on its way. some angry lawmakers are now saying the last three weeks have been a complete waste and that president obama's new detailed proposal is a total non-starter. hedge fund manager jonathan hoenig agrees. he joins us to tell us why he thinks the president's plan rests entirely punishing the minority, that is the rich. thanks for having you back on the show. >> hello, melissa. melissa: this is depressing topic you will make it light and happy for us somehow. >> there is nothing happy about wealth destruction that is exactly what president is doing. you raised a very important point. why is it the president's plan to fix the economic calamity specifically reinvolves hurting minority, as you point out the so-called rich? redistribution is once again the center of his proposal. it is not only immoral but impractical as well. we're talking about 1.6 dro trillion coming out of the economy, coming out of invests, not being put
boehner's offer in the fiscal cliff talks is that this is going to happen no matter what. they talked about holding the line -- megyn: no, wait, wait, wait, let me interrupt because i just don't want to confuse the two, because all the taxes are confusing. i'm saying this surtax, this .9 income tax surtax, and then this 3.8% surtax on nearly all capital gains, that is happening irrespective of what happens with the fiscal cliff negotiations? >> almost certainly. unless somehow it became part of the negotiations to turn it off, but i'm not hearing that. megyn: okay. so then on top of that you got to fiscal cliff discussions in washington where the president wants to raise the income tax on top earners by another 3% or so in addition to this, these taxes you and i were just discussing. >> yeah. and that's a crucial point, because obama has repeatedly said he wants to go back to clinton era rates, but that ignores this new surtax at the beginning of the year. if they take the top rate from 35 to 39.6, it'll actually be 43.4 on investment income because we'll have that additional surtax o
boehner during his briefing. he said there has been no progress between the white house in reaching a deal. he spoke to reporters for just under 10 minutes. >> >> good morning, everyone. the president has warned us about the dangers of going over the fiscal cliff. but his actions have not matched his public statements. members of his own party seemed quite comfortable with sending the economy over the fiscal cliff. we have a dairy production cuts tuesday we had productive conversation at the white house. despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. this is not a game. jobs are on the line. the american economy is on the line. this is a moment for adult leadership. campaign-style or allies is not aid -- campaign-style rally is not the way to get things done in washington. a discussion with the treasury secretary was frank and direct. we hope to see a specific plan for cutting spendin
Search Results 0 to 49 of about 52 (some duplicates have been removed)